ASPC stock spiked nearly 79% and hit $55 in whipsaw trade — here’s what traders watch next
A SPAC III Acquisition Corp shares jumped 79% to close at $24.01 after volatile trading on Nasdaq, with the price swinging from $13.45 to $55.37 and at least two volatility halts. The float shrank sharply after 5.7 million shares were redeemed this fall, leaving about 2.3 million outstanding. The company recently signed a merger deal with Bioserica International Limited. Trading volume reached about 7.4 million shares.